Home / Knowledge / News / Textiles / Cotton growers rejoice on doubling of farm gate prices
Cotton growers rejoice on doubling of farm gate prices
19
Mar '11
It was a rejoicing moment for the cotton cultivators, as pursuant to a deal cracked between several industry players, the minimum farm gate prices, that is the price at which these farmers sell their produce, was doubled.

During a recently convened meeting between the farmers' representatives and the ginning mill owners at Nairobi's Kenya Agricultural Research Institute, the minimum farm gate prices for cotton were raised from last year's Sh 32 to Sh65 per kilo of cotton seed.

Dennis Ochwada, Chairman of the industry regulator, Cotton Development Authority, said that the new minimum farm gate price has been fixed in consideration of various factors like, the global market situations, domestic production cost, and rising demand-supply gap.

He said that, after considering the factors like rising demand in the global markets and decreasing supply in some countries and export ban in others, which are likely to boost cotton prices to Sh80 per kilo this year, due to which, they decided to share this benefit with the farmers.

However the spinners decided to stay away from the meeting.

Driven by the market forces, the cotton cultivators in Western and Nyanza earned up to Sh 65 per kilo of cotton seed during last year, while earnings of the cultivators in Central, Coast and Eastern regions averaged at Sh45 per kilo.

Some of the ginners last month complained that, they are experiencing severe dearth of cotton which may compel them to cut down on production.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search